The main task of a Corporate Development Manager is to come up with strategies for a company and determine profitable mergers and acquisitions.
Corporate development managers coordinate with chief executives to provide information essential for the direction of the company. They report directly to the president, vice president or any other executive who direct the overall course of the company. They are responsible for determining the best strategy for the expansion of a company, doing necessary research and presenting findings to the appropriate chief executive. For goals requiring acquisition of smaller companies, they research which companies is suitable to acquire and plan the strategy of the merge and acquisition.
People aspiring to become corporate development managers must have at least a bachelor’s degree, not limited but relevant to business administration. Some corporate development manager positions require special degree or additional technical or business training. And most positions do require through experience in the corporate development. The following are some of the skills required from a corporate development manager.
- Solid 3+ years corporate development experience
- Excellent knowledge in business strategy, analysis, trends, practices, techniques and execution
- Firm understanding of E-Commerce
Job Growth and Salary
Employment of corporate development managers will have a steady growth in the years to come. With enough solid work experience, they can become chief executive officers or even stakeholders in a company. They can even start their own consulting firms given the number of years of experience that they have. The median annual salary that corporate development managers earn is $85,230.